global economy

Countries around the world are turning to gold as uncertainty about the global economy rises . . . .

January-to-September saw 264 tonnes added to official-sector gold holdings says a note from Australia-based financial group Macquarie, "by far the most at this stage of the year of any period in the last six years." . . . .

“This is a financial war … Russia is dumping Treasuries to get out from under dollar hegemony” – Rickards on CNN Money ....

How will Iran, Russia, and Turkey react to the plethora of financial sanctions being placed on them by the United States?  Well, they will do what anyone being beaten with a stick would do: they will try to escape . . . .

Being subjected to pressure from Washington, Iran has once again turned to the yellow metal as an alternative means of payment . . . .

On Tuesday just after midnight U.S. Eastern time, the Trump administration is set to bring back a first wave of restrictions that had been waived under the Iran nuclear deal, an Obama-era agreement that gave Iran sanctions relief in exchange for curbs on its nuclear program . . . .

The correlation between Gold and the USD/CNY exchange rate has become clear recently . . . .

Maybe the trade war between the U.S. and China is beginning to escalate and with the potential for further moves to get out of hand, global equity and commodity markets are already getting nervous . . . .

Research firm Rhodium Group estimates that in the first five months of this year Chinese acquisitions and investments into America amounted to just $1.8 billion, off 92 per cent since this time last year, CNBC reports . . . .

Countries around the world are working to find ways to circumvent the US dollar when it comes to trade and settlement. In addition to that, nations are requesting for their gold holdings stored overseas to return home . . . .